The majority of names in the FinTech IPO Index traded lower through a tumultuous five sessions of stock market activity that was dominated by tariffs. But, when you have a company whose shares spike more than 820%, that’s enough to move the whole group upward....
The past five trading days have been a roller coaster, as interest rates and the Fed’s stance on cuts to those rates proved top of mind. Although comments from the central bank pointed to slowing growth and higher inflation, the FinTech IPO Index was up...
The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction, as investors sent shares down by double digits in many cases, even when results topped...
Flywire acquired hospitality-focused software and payments platform Sertifi. The $330 million deal is designed to bolster Flywire’s travel payments business, according to a Tuesday (Feb. 25) press release. “Sertifi’s hospitality-specific integrations give Flywire immediate access to new subsegments of the global travel industry, and they...
May 02, 2025
Earnings season is not yet in full swing for the FinTech IPO Index, which gained 2.5% through the week. SoFi was the earnings-related standout, with shares up 1.6%. As PYMNTS reported in its coverage of the earnings results, the company added 800,000 new members and 1.2 million new products, representing 34% and 35% year-on-year growth, […]
April 11, 2025
The majority of names in the FinTech IPO Index traded lower through a tumultuous five sessions of stock market activity that was dominated by tariffs. But, when you have a...
March 21, 2025
The past five trading days have been a roller coaster, as interest rates and the Fed’s stance on cuts to those rates proved top of mind. Although comments from the...
February 28, 2025
The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction,...
February 26, 2025
Flywire acquired hospitality-focused software and payments platform Sertifi. The $330 million deal is designed to bolster Flywire’s travel payments business, according to a Tuesday (Feb. 25) press release. “Sertifi’s hospitality-specific integrations give Flywire immediate access to new subsegments of the global travel industry, and they are expected to create additional value for Flywire’s extensive client […]
August 06, 2024
Flywire has acquired Invoiced, a software-as-a-service (SaaS) platform that enables B2B finance teams to automate the order-to-cash process. This acquisition will enhance Flywire’s B2B payments solution, extend its customer footprint across a...
August 06, 2024
One Inc has named former Flywire Chief Financial Officer (CFO) Michael Ellis as its new CFO. Ellis will oversee the financial activities of the digital payments network for the insurance industry and...
August 02, 2024
Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working with investment bankers to evaluate...
